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The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
(ii) any Act of a Legislature subject to the condition that such Act is reproduced or published together with any commentary thereon or any other original matter; (iii) the report of any committee, commission, council, board or other like body appointed by the government if such report has been laid on the Table of the Legislature, unless the ...
Architects Act: 1972: 20 Taxation Laws (Extension to Jammu and Kashmir) Act: 1972: 25 National Service Act: 1972: 28 Delhi Lands (Restriction on Transfer) Act: 1972: 30 Payment of Gratuity Act: 1972: 39 Diplomatic Relations (Vienna Convention) Act: 1972: 43 Antiquities and Art Treasures Act: 1972: 52 Wild Life (Protection) Act: 1972: 53
The Payment of Gratuity Act 1972 applies to establishments with 10 or more workers. Gratuity is payable to the employee if he or she resigns or retires. The Indian government mandates that this payment be at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of ₹ 2000000. [24]
Download as PDF; Printable version; ... The Payment of Gratuity Act, 1972; W. Wild Life (Protection) Act, 1972 This page was ...
The Bangladesh Shipping Corporation Order, 1972 (President's Order) [Repealed] The Bangladesh (Legal Proceedings) Order, 1972 (President's Order) The Bangladesh Abandoned Property (Control, Management and Disposal) Order, 1972 (President's Order) The Bangladesh (Adaptation of Insurance Act) Order, 1972 (President's Order)
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English: An Act to make further provision for the honour and dignity of the Crown and the Royal Family, and for the payment of certain allowances and pensions. Publication date 24 February 1972